PHP To KRW: Convert Philippine Peso to South Korean Won - Forbes Advisor (2024)

FAQs

How to convert Philippine peso to Korean won? ›

1 PHP = 23.804846 KRW Sep 09, 2024 18:46 UTC

Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently.

To get the best rates, you're going to want to exchange currency in Korea, rather than your home country! We recommend that you bring your home currency to Korea and exchange some of it at the airport first because you'll want to have cash on you as soon as you arrive.

The currency of Korea is the won (₩; KRW). You can easily exchange foreign currencies into Korean won at banks' exchange offices in the airport, banks in downtown Seoul, and private currency exchange offices.

1 KRW = 0.04223 PHP Sep 17, 2024 10:48 UTC.

Looking forward, we estimate it to trade at 1358.61 in 12 months time. The USDKRW spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the KRW.

You should get into the habit of carrying more cash than you would at home. Crime levels in Korea are relatively low, but you should remain vigilant. Credit cards are accepted at most major hotels, department stores, and better restaurants but cannot be relied upon.

Where is the best place to exchange currency in Korea? ›

Cost of Living Comparison Between Seoul and Manila

You would need around 4,250,000.8₩ (179,384.8₱) in Manila to maintain the same standard of life that you can have with 8,000,000.0₩ in Seoul (assuming you rent in both cities).

While it is possible to pay for things in USD in major cities while visiting Korea, US currency is not widely accepted, and you may have to pay a higher rate, so it's best to convert your dollars into South Korean won during your stay.

South Korean won is the only reliable currency in South Korea. Some places, especially in larger cities, will accept US dollars, but change will generally be given in won.

Horizon Currency comes out tops with today's South Korean Won rate quoted at 1,731.3197 for international payments. Those who want a good travel money rate will find TravelFX the most competitive at 1,610.3348. For travel cards, Wise offers the market rate at 1,731.3197, but note they charge a fee (see below).